International Brotherhood of Electrical Workers 7 (EIN 041282295) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1905

Legal Domicile

Principal Officer

DANIEL D'ALMA

Phone

4137347137

Tax Period

2023-01-01 to 2023-12-31

International Brotherhood of Electrical Workers 7, founded in 1905, is a community nonprofit that reported $3.2M in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. Expenses of $3.5M exceeded revenue, resulting in a 12% operating deficit.

Mission

TO PROVIDE FOR, PROTECT AND IMPROVE THE GENERAL WELFARE AND WORKING CONDITIONS OF ITS MEMBERS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,482,515

Program Service Revenue $1,585,317

Investment Income $95,788

Other Revenue $0

TOTAL REVENUE $3,163,620

Expense Breakdown

Grants Paid $0

Salaries & Benefits $687,552

Fundraising Expenses $0

Program Expenses $3,541,122

Other Expenses $2,853,570

TOTAL EXPENSES $3,541,122

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,163,620	$3,530,282	-0.1%
Expenses	$3,541,122	$2,985,810	+0.2%
Net Income	$-377,502	$544,472	-1.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✓ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$341,295

Total Directors

$3,715

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Daniel D'Alma	Business Manager	050.00	Officer	$113,637	$0	$113,637
Robert Wilson	Membership Development	050.00	Officer	$108,697	$0	$108,697
Jeremy Dunn	Business/Referral Agent	050.00	Officer	$108,697	$0	$108,697
Eric Ashline	President	001.00	Officer	$0	$4,984	$4,984
Adam Bergeron	Treasurer	001.00	Officer	$0	$2,000	$2,000
Marcus Cardosa	Director	001.00	Director	$1,335	$560	$1,895
Colin Boone	Vice President	001.00	Officer	$0	$1,640	$1,640
Michael Durkee Sr	Recording Secretary	001.00	Officer	$0	$1,640	$1,640
William McKinnon	Director	001.00	Director	$0	$560	$560
Aaron Brown	Director	001.00	Director	$0	$560	$560
Stan Piskorski Jr	Director	001.00	Director	$0	$420	$420
Jim Boze	Director	001.00	Director	$0	$280	$280

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$3,163,620	$3,541,122	$9,840,606	$-377,502
2022	$3,530,282	$2,985,810	$10,218,108	$544,472
2021	$2,904,756	$3,825,538	$9,422,924	$-920,782
2020	$3,302,383	$3,586,229	$10,342,258	$-283,846
2019	$2,498,832	$1,556,931	$10,627,789	$941,901
2018	$5,525,122	$2,676,478	$9,687,983	$2,848,644

International Brotherhood of Electrical Workers 7